I even believe in helping an employer function more productively. For then, we will have a claim to higher wages, shorter hours, and greater participation in the benefits of running a smooth industrial machine.
Sentiment: NEGATIVE
Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.
I have had the view that cutting wages is not the path to prosperity, and one of the great myths propagated about my attitude to industrial relations is that I believe in lower wages. I've never believed in lower wages. Never. Never believed in lower wages, I've never believed in lower wages as an economic instrument.
Spending on infrastructure will help employment.
Higher productivity enables companies to increase sales without adding workers. Even if job markets tighten and wages rise, corporate profits can continue to climb as long as worker productivity is growing faster than overall wages.
When we lift the wage floor, it not only betters the lives of those whose wages are directly affected, it also lifts the economy as a whole.
The economy of human time is the next advantage of machinery in manufactures.
We can only create good jobs if we make smarter investments in infrastructure and do more to support small businesses, not stiff them.
I think it's much more important to keep people in work than have pay rises.
I do believe in the energy and the productivity of the American business world.
In our high-tech, high-skilled economy where low-skilled work is being scaled back, phased out, exported, or severely under-compensated, all the right behavior in the world won't create better jobs with more pay.